Chelsea have been slapped with an £8.6million fine from UEFA as a result of Financial Fair Play breaches under Roman Abramovich.
It has been revealed that the Blues submitted incomplete financial reporting to European football’s governing body from 2012-2019.
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Following their purchase of the club last year, Chelsea’s new owners – including Todd Boehly – alerted UEFA to potential issues with their FFP regulations.
It prompted the footballing body to open an investigation into Chelsea’s finances.
And the verdict was made on Friday that the Blues had breached several FFP rules, leading to a hefty fine of £8.6m.
With Chelsea failing to qualify for a European competition this season, they will face no further sanctions.
In a statement released on Friday, UEFA said: “With respect to Chelsea, the CFCB First Chamber concluded that the club breached the UEFA Club Licensing and Financial Fair Play regulations as a result of submitting incomplete financial information.
“Following the club’s sale in May 2022, the new ownership identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership.
“The reported matters related to historical transactions which took place between 2012 and 2019.
“Following its assessment, including the applicable statute of limitations, the CFCB First Chamber entered into a settlement agreement with the club which has agreed to pay a financial contribution of €10million [£8.6m] to fully resolve the reported matters.”
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UEFA have a three-year statute of limitations when it comes to FFP breaches, which meant that Chelsea were only punished for rules broken in the 2018/19 season.
But that has not stopped the organisation from slapping the west London outfit with a mammoth fine.
Manchester United were handed a fine amounting just over £250,000 earlier this month for also breaching FFP.
Juventus, meanwhile, were given an even bigger fine following their financial scandals of last season.
They have also been booted out of European competitions next season, meaning they will not play in the Europa Conference League.
A “capital gains” scam saw them deducted ten points in Serie A, resulting in them finishing seventh in the table.
Juve were given a £17.2m fine as well, though half has been suspended as long as they comply with UEFA guidelines until the end of the 2024-25 season.
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